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Investors see economic growth in Africa
By William Faria November 28, 2012
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DUBAI: The continent of Africa has witnessed strong growth performance in recent years, with ample of investment opportunities that are opening in sectors such as retailing, telecommunications, banking, infrastructure-related industries, resource-related businesses, besides the agricultural value chain.

Hussein Hachem, the CEO for Aramex, Middle East Africa region (MEA) said that the continent has languished in the last two decades of the 20th century, adding that it has now stirred and is likely to outpace its Asian counterparts in the coming next 5 years.

Hachem made the remarks during one of the presentations at the CEO Business Summit organised by Dubai World Trade Centre that took place on Tuesday in Dubai.

The two-day summit has attracted top global and regional CEOs and business leaders to discuss growth opportunities in the second wave emerging markets of Africa and the Middle East.

Speaking to The Gulf Today, Trixee Loh, the Senior Vice President, DWTC, the organiser of the Summit, said it is vital for business leaders and decision makers to continue to engage and interact with their peers, in order to understand the state of their specific industries.

“We are proud to organise the inaugural CEO Business Summit as it provides the ideal platform for global thought-leaders to get together and openly discuss issues that affect their industries, and strategies that have been successfully implemented. As markets in the Middle East and Africa quickly join the space that was once dominated by BRICS countries, we at DWTC will continue to work towards identifying new ways in which business leaders can network and tap into the full potential of the region, added Loh.

To be competitive in the global marketplace, organisations need to be driving more innovation in their products and services, said Hussain Al Qemzi, CEO, Noor Islamic Bank.

Technology, he added has become a key enabler to this, and business leaders now consider it the number one growth driver.

The whole process of innovating is not without risks, and the success of an innovation is often dependent on the quality of the CEO’s leadership. How do you leverage technology as a growth proposition, driving efficiencies and adding revenue streams? This session examines the innovative process from a CEO’ s perspective, and looks at the CEO as the corporate champion for technological innovation, said Hussain Al Qemzi, CEO, Noor Islamic Bank.

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